Polytetramethylene ether glycol (PTMEG), also known as polytetrahydrofuran, polytetramethylene ether glycol, tetrahydrofuran homopolyether, etc. Its English name is Polytetramethylene Ether Glycol, abbreviated as PTMEG. Its molecular formula is HO[CH2CH2CH2CH2O]nH, which is a homopolymer obtained by cationic ring-opening polymerization of tetrahydrofuran (THF) in the presence of a catalyst. It is a primary hydroxyl end linear polyether diol at room temperature. The next is a white waxy solid that melts into a clear, colorless liquid when the temperature exceeds room temperature, and is easily soluble in alcohols, esters, ketones, aromatics, and chlorinated hydrocarbons, insoluble in ester-like hydrocarbons and water.BDO is a chemical production project, called 1,4 butanediol, colorless oil, non-volatile, condensation below 25 °.Spandex is an abbreviation of polyurethane fiber and is an elastic fiber. Spandex generally consists of multiple filaments, usually 10D/root, which is currently 15D/root, or even 20D/root. The smaller the theoretical number is, the better the evenness of the strip is, and the less the chance rate of overlap, the less dry it is.
The market is likely to be driven by increasing butanediol demand from cosmetics, medicines, textiles, engineering plastics and automotive applications. About 50% BDO is used in tetrahydrofuran (THF) production, which is an intermediate chemical for polytetramethylene ether glycol (PTMEG). PTMEG itself is further processed to manufacture spandex/elastane/lycra, which finds application in several end-use industries that include textiles and automotive interiors. Asia Pacific dominated the global scenario as the largest consumer base and revenue generating region and is expected to witness the fastest growth over the forecast period. India and China are projected to account for the major market share in the region primarily due to rising industrial application, economic developments and technology adoption for various industrial operations.
The Global BDO-PTMEG-Spandex Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023-2030.

In the global BDO-PTMEG-Spandex Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
Dairen Chemicals
Shanxi Sanwei Group
Ashland BASF
LyondellBasell
DuPont
Invista


In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Polyurethane
GBL
polybutylene terephthalate
tetrahydrofuran
solvents

In Market segmentation by applications :
Automotive
Hygiene
Textiles

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the BDO-PTMEG-Spandex Market for the forecast period 2023-2030?
• What are the driving forces in the BDO-PTMEG-Spandex Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the BDO-PTMEG-Spandex industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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